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MGO One Seven LLC Has $5.31 Million Position in Cadence Design Systems, Inc. $CDNS
MGO One Seven LLC significantly increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 83.2% during the fourth quarter, bringing its total holdings to 16,986 shares valued at $5.31 million. Other institutional investors also adjusted their positions in the software maker. The company’s stock has a “Moderate Buy” rating from analysts with a consensus target price of $380.59, and it reported strong quarterly earnings and revenue growth.